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Tue Jan 19, 2021, 03:58 PM

The Biden post-election market surge is the best for a new president in 60 years

By Paul R. La Monica, CNN Business
Updated 2:22 PM ET, Tue January 19, 2021

New York (CNN Business) Stocks have gained about 13% since Election Day as of Tuesday, a day before Joe Biden's inauguration -- marking the the best post-election market performance for a new president since JFK, according to CFRA Research.

The S&P 500 rose 8.8% from late 1960 to early 1961 after John F. Kennedy defeated Richard Nixon. The market continued to rally during JFK's first 100 days in office, rising another 8.9%.

The current Biden market surge represents the second time in a row that Wall Street has cheered a new president: Stocks gained more than 6% in the election to inauguration period after President Donald Trump beat Hillary Clinton in 2016. The market gained 5% during Trump's first 100 days as well.

But there's one major difference: Trump was inheriting an economy that was growing at a stable rate during the long, post-Great Recession recovery. Biden is walking into the Covid-19 economy.


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Reply The Biden post-election market surge is the best for a new president in 60 years (Original post)
Wicked Blue Jan 2021 OP
Midnight Writer Jan 2021 #1
Yo_Mama_Been_Loggin Jan 2021 #2

Response to Wicked Blue (Original post)

Tue Jan 19, 2021, 04:44 PM

1. Yes, even heard an "analyst" on Right Wing CNBC looking forward to a Biden bull market.

He says with competent leadership we can control the pandemic, rebuild the infrastructure, and provide the stability that will fuel tremendous economic growth.

Very surprised to hear that on CNBC, which is as bad as FOX News in my view.

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